May 30, 2024
“Shares of Salesforce tumbled 20% Thursday morning, putting the stock on pace for its worst day in nearly 20 years. Its worst trading day on record is July 4, 2004, when shares fell 27% just days after the company went public. The… Continue Reading…
October 30, 2023
“…Overseas funds sold $768.4 million of local shares last Thursday alone, the biggest single-day outflow since June 2022 on a net basis, according to the latest data compiled by Bloomberg. Overall, they have withdrawn $1.2 billion in the week through… Continue Reading…
October 26, 2023
“…Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace in the July-through-September period, up from an unrevised 2.1% pace in the second quarter, the Commerce Department reported Thursday.. Economists surveyed by… Continue Reading…
April 27, 2023
“Growth in the U.S. slowed considerably during the first three months of the year as interest rate increases and inflation took hold of an economy largely expected to decelerate even further ahead. Gross domestic product, a measure of all goods… Continue Reading…
April 7, 2023
“…The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000 and below the upwardly revised 326,000 in February. The unemployment rate ticked lower to 3.5%, against expectations that it… Continue Reading…
December 14, 2022
“The Federal Reserve will conclude its last policy meeting of the year on Wednesday on the back of a surprise drop in inflation, consensus around a slowed pace of interest rate increases, and markets primed for a coming halt in… Continue Reading…
October 17, 2022
“Home sellers are slashing their asking prices at a record clip as surging mortgage rates drive a downturn in the US housing market, according to a recent report from real estate firm Redfin. About 7.9% of home listings reported price drops during… Continue Reading…
June 14, 2022
“…The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8% for the month and 10.8% over the past year. The monthly rise was in line with Dow Jones estimates and a doubling… Continue Reading…
April 28, 2022
“Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday. The negative growth rate missed even the… Continue Reading…
February 3, 2022
“Billionaires are cashing out of stocks at a record pace right now. The disturbing reason behind this move could soon accelerate the market’s downturn. Tech stocks are already off to their worst start since 2008… The wealthiest Americans have recently sold… Continue Reading…
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